Healthcare News & Insights

EHR goal surpassed: $5.7 billion in incentive payments made

Did your hospital share in the $5.7 billion in Electronic Health Record (EHR) Incentive Program payments made?

If not, you’re missing out on extra revenue other facilities are collecting.

The U.S. Department of Health & Human Services announced yesterday that the goal set three months ago by the Centers for Medicare & Medicaid Services (CMS) Acting Administrator, Marilyn Tavenner, and the National Coordinator for Health Information Technology, Farzad Mostashari, was met and surpassed.

“Meeting this goal so early in the year is a testament to the commitment of everyone who has worked hard to meet the challenges of integrating EHRs and health information technology into clinical practice,” said Tavenner in a press release. “Not only have state Medicaid programs, public health departments, and many other stakeholders given their support to the Medicare and Medicaid EHR Incentive Programs, but numerous health professionals and hospitals have recognized the potential of EHRs to provide better patient care, cut down on paperwork, and eliminate duplicate screenings and tests.”

As of the end of May 2012:

  • More than 110,000 eligible professionals and over 2,400 eligible hospitals have been paid by the Medicare and Medicaid EHR Incentive programs
  • Approximately 48% of all eligible hospitals and critical access hospitals in the U.S. have received an incentive payment for adopting, implementing, upgrading, or meaningfully using an EHR
  • One out of every five Medicare and Medicaid eligible professionals in the U.S. has received an incentive payment for adopting, implementing, upgrading or meaningfully using an EHR
  • Over $5.7 billion in EHR Incentive Program payments were made
  • More than $3 billion in Medicare EHR Incentive Program payments were made between May 2011 (when the first payments were released) and the end of May 2012, and
  • More than $2.6 billion in Medicaid EHR Incentive Program payments were made between January 2011 (when the first states launched their programs) and the end of May 2012.

Under both the Medicare and Medicaid EHR Incentive Programs, eligible hospitals and critical access hospitals can receive support and financial incentives for implementing and meaningfully using certified EHR technology.

For more information on the Medicare and Medicaid EHR Incentive Programs, click here.

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